TIDMAVCT

RNS Number : 9470M

Avacta Group PLC

26 January 2016

26 January 2016

Avacta Group plc

("Avacta" or "the Group" or "the Company")

Share Consolidation

Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces that the one for one hundred consolidation of Avacta's ordinary shares of 0.1 pence each, approved by shareholders at its Annual General Meeting on 25 January 2016, has become effective today. The consolidation has increased the market price and decreased the number of shares in issue.

Following the consolidation, the Company now has a total of 67,462,959 ordinary shares of 10 pence each in issue, each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 67,462,959 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Rules and Transparency Rules.

Enquiries:

 
     Avacta Group plc                              Tel: +44 (0) 
      Alastair Smith, Chief Executive               844 414 0452 
      Officer                                       www.avacta.com 
      Tony Gardiner, Chief Financial 
      Officer 
     Numis Securities Limited                      Tel: +44 (0) 
      Michael Meade / Freddie Barnfield             207 260 1000 
      - Nominated Adviser                           www.numiscorp.com 
      James Black - Corporate Broking 
 
      WG Partners                                   Tel: +44 (0) 
      David Wilson                                  203 705 9318 
      Nigel Barnes                                  Tel: +44 (0) 
      Claes Spang                                   203 705 9217 
                                                    www.wgpartners.co.uk 
     Media Enquiries                               Tel: +44 (0) 
      FTI Consulting                                203 727 1000 
      Simon Conway / Natalie Garland-Collins        avacta@fticonsulting.com

Notes to Editors

Avacta Group plc (www.avacta.com)

Avacta's principal focus is on its proprietary Affimer(R) technology which is a novel engineered alternative to antibodies that has wide application in Life Sciences for diagnostics, therapeutics and general research and development.

Antibodies dominate markets worth in excess of $50bn despite their shortcomings. Affimer technology has been designed to address many of these negative performance issues, principally; the time taken to generate new antibodies, the reliance on an animal's immune response, poor specificity in many cases, and batch to batch variability. Affimer technology is based on a small protein that can be quickly generated to bind with high specificity and affinity to a wide range of protein targets.

Avacta has a pre-clinical biotech development programme with an in-house focus on oncology and bleeding disorders as well as several partnered development programmes. Avacta is commercialising Affimer reagents through custom Affimer services to provide bespoke solutions to customers and via a growing on-line catalogue of Affimer reagents.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 26, 2016 03:05 ET (08:05 GMT)

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